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Rexel to Buy GE Supply
In a blockbuster acquisition that makes it the largest electrical distributor in North America, Rexel has agreed to buy GE Supply, a unit of General Electric, for $725 million.
The announcement ends almost a year’s worth of rumors that GE Supply was on the block. Dick Waterman, president and CEO of the newly created Rexel U.S. holding group, told EM in an exclusive interview July 11 that GE and Rexel were in discussions for the “better part of a year.”
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Thank-you from the staff of Electrical Marketing.
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Upcoming Industry Events June 25-28
BICSI Spring Workshop:
BICSI; Chicago; (813) 979-1991; www.bicsi.org
June 26-27
Health-care Lighting Conference:
GE Lighting Institute; Cleveland, Ohio; (800) 255-1200; www.gelighting.com
June 28-30
Fundamentals of Commercial and Industrial Lighting:
GE Lighting Institute; Cleveland, Ohio; (800) 255-1200; www.gelighting.com
July 27-30
YET LEAD Conference:
National Association of Electrical Distributors; Lake Tahoe, Calif.; (314) 991-9000; www.naed.org
Sept. 18-21
BICSI Fall Conference:
BICSI; Las Vegas; (813) 979-1991; www.bicsi.org
Sept. 18-21
Affiliated Distributors (A-D) Electric Supply Division North American Meeting:
A-D; Grapevine, Texas; (610) 292-9270; www.adhq.com
Sept. 26-28
Electro E-Biz Forum 2006: Industry Data Exchange Association (IDEA);
Long Beach, Calif; (703) 841-3247; www.idea-inc.com/
Oct. 13-18
IMARK Annual Meeting: IMARK Group; La Quinta, Calif.;(301) 567-8888; www.IMARKgourp.com
Oct. 25-26
Automation Fair 2006: Rockwell Automation;
Baltimore; (440) 646-5800; www.automationfair.com
Nov. 7-12
NAED Eastern Region Conference: National Association of Electrical Distributors; San Antonio;(314) 991-9000; www.naed.org
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